During Market hours yesterday — (Thursday – 18.02.2021):
- The Dow (Symbol: DIA) went down 0.3%. The S&P500 (Symbol: SPY) rose 0.4% and the Nasdaq (Symbol: QQQ) sank 0.4%
- Walmart (Symbol: WMT) — Shares of the big box retailer dropped more than 6% after disappointing quarterly earnings. Walmart posted a loss of $2.09 billion, or 74 cents per share, from earnings of $4.14 billion, or $1.45 share, a year earlier. Its adjusted earnings came to $1.39 per share, missing analysts estimates per Refinitiv. Walmart also warned that it expects sales to moderate this year.
- Fastly (Symbol: FSLY) — Shares of the network technology company slumped 15% after issuing weaker-than-expected earnings guidance for the year ahead. Fastly said it expected a loss per share between 44 cents and 35 cents per share for the full year. Analysts surveyed by Refinitiv had penciled in a loss of 21 cents per share. The company’s fourth-quarter results did beat estimates on the top and bottom lines.
- SunPower (Symbol: SPWR) – Shares of the solar company slid more than 16% after SunPower missed revenue estimates during the fourth quarter. The company earned 14 cents excluding items, which was ahead of the expected 11 cent per share profit, according to estimates from FactSet. Revenue came in at $341.8 million, which was short of the expected $354.2 million. The company also issued weaker-than-expected guidance for the first quarter.
- Cheesecake Factory (Symbol: CAKE) – Shares of the restaurant company advanced 8% despite the company missing estimates during the fourth quarter. Cheesecake Factory lost 32 cents per share excluding items while reporting $554.6 million in revenue. Analysts surveyed by FactSet were expecting the company to lose 4 cents per share on $604.6 million in revenue. The company said comparable restaurant sales fell 19.5% during the fourth quarter amid the ongoing impacts of covid-19.
- Twilio (Symbol: TWLO) — Shares of the cloud communications company popped more than 8% after beating on the top and bottom lines of its quarterly earnings results. Twilio earned 4 cents per share on revenue of $548.1 million. Analysts were expecting a loss of 8 cents per share on revenue of $454.7 million, according to Refinitiv.
- Tilray (Symbol: TLRY) – Shares of the cannabis company were down 14% after Tilray reported a smaller-than-expected loss. The pot producer said it lost 2 cents per share. Analysts polled by Refinitiv expected a loss of 14 cents per share. Revenue also beat Wall Street analyst expectations. Tilray is set to close a merger with Aphria later this year, which will make it the biggest cannabis company in the world.
- FirstEnergy (Symbol: FE) — The utility stock jumped more than 7% after the company announced that activist hedge fund manager Carl Icahn has informed FirstEnergy that he plans to buy shares in the company. The Ohio-based utility company also released fourth quarter results that missed expectations, according to estimates compiled by FactSet.
During Premarket hours today – (Friday – 19.02.2021):
- Deere (Symbol: DE) – The heavy equipment maker earned $3.87 per share for its fiscal first quarter, compared to a consensus estimate of $2.14 a share. Revenue also beat forecasts, and Deere increased its full-year earnings outlook amid improvements in the agricultural and construction sectors.
- Roku (Symbol: ROKU) – Roku shares rose 1.4% in the premarket, after it reported a quarterly profit of 49 cents per share, compared to consensus forecasts of a 6 cents per share loss. The streaming video device maker’s revenue also beat forecasts, amid a 58% surge as consumers stuck at home during the pandemic sought more video entertainment.
- Dropbox (Symbol: DBX) – Dropbox came in 4 cents a share ahead of estimates, with quarterly earnings of 28 cents per share. The cloud storage company’s revenue also came in above Wall Street projections. Dropbox had a greater-than-expected number of paid users during the quarter, as well as better-than-expected revenue per user.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.